Amazon urges Sebi to suspend review

Amazon has asked Sebi to suspend its review of the Rs 24,713 crore Future-Reliance deal and not grant a no objection certification on the ground that its challenge to the agreement was before the Delhi High Court.

E-commerce major Amazon has written to Sebi again, this time apprising it about the admission of its appeal before the division of the Delhi High Court and urged the market regulator to suspend the review of the Future-Reliance Industries Ltd (RIL) deal. This is the eighth letter by Amazon to the Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi since late October.

Amazon has been opposing Future group's pact with billionaire Mukesh Ambani's RIL that was signed in August last year.

The deal entails sale of Future group's retail, wholesale, logistics and warehousing units to Reliance Retail Ventures Ltd (RRVL).